TAIPEI -- Taiwan's Yang Ming Marine said Wednesday it has agreed to sell a Chinese consortium a stake in a container terminal for $135 million, in the first such deal between the island and the mainland.

Under the investment, which is pending final government approval, Kao Ming Container Terminal Corp owned by Yang Ming Marine would sell a 30% holding in the terminal in the southern city of Kaoshiung, Yang Ming said in a filing to the Taiwan Stock Exchange.

Yang Ming did not give details of the buyers, but Dow Jones Newswires said China Merchants, Cosco Pacific and China Shipping will each hold 10% in the joint venture.